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All Journal Jurnal Attarbiyyah: Jurnal Ilmu Pendidikan Islam
Douglas Kumawuese Iortyom
Department of Business Administration, Joseph Sarwuan Tarka University, Makurdi-Nigeria.
Humanities Education

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Enterprise Risk Management Practices and Performance of Microfinance Institutions in Makurdi Metropolis, Benue State-Nigeria Emmanuel Lubem Asenge; Douglas Kumawuese Iortyom; Nicholas Ajegba Abakpa
Journal of Corporate Finance Management and Banking System ( JCFMBS) ISSN : 2799-1059 Vol. 3 No. 06 (2023): Oct-Nov 2023
Publisher : HM Journals

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55529/jcfmbs.36.38.48

Abstract

The research explores the effect of enterprise risk management (ERM) on the performance of microfinance institutions in Makurdi Metropolis. The study particularly examines the effect of risk identification, risk assessment and risk mitigation on firm performance. The research employed a survey design. The targeted population consists of 42 management staff of seven microfinance banks within Makurdi Metropolis. The data obtained from the participants via self-administered questionnaire were analyzed with correlation and regression. The outcomes discovered that risk identification, risk assessment and risk mitigation have affirmative and significant effect on the performance of microfinance institutions in Makurdi Metropolis. It concludes that ERM strategies considerably affect the performance of microfinance institutions. The research therefore suggests that microfinance institutions should always evade risks that present superfluous consequences and they should institute plans and actions that will support them to anticipate and circumvent high risk situations.
Co-Authors Emmanuel Lubem Asenge Nicholas Ajegba Abakpa